AdviserLogic provides financial planning software for financial advisers.  The software streamlines advice processes, facilitates portfolio research and building, enhances client engagement, and offers built-in compliance support.  It integrates with various third-party applications and data feeds.

AdviserLogic

iFactFind provides a digital online fact find tool for financial advisers and their clients, focusing on client data collection and management.

iFactFind

International Adviser provides information for independent financial advisers (IFAs) who distribute international funds, life and banking products to high net worth individuals.

International Adviser

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

Metric
Company Name	AdviserLogic	iFactFind	International Adviser	Morningstar, Inc.
Symbol				MORN
MSH ID	COM:ADVISERLOGIC	AU:COM:IFACTFIND	COM:INTERNATIONAL-ADVISER	COM:MORNINGSTAR
Market	PRIVATE	PRIVATE	PRIVATE	STOCKS
Sector	Technology	Commercial & Professional Services	Financial Services & Finance	Financial Services
Industry	Financial Technology (Fintech)	Financial Technology	Financial Publishing	Financial - Data & Stock Exchanges
Country	AU	AU	GB	US
Stage				Private Equity Round
Employee Count				11.33K
Website	adviserlogic.com	ifactfind.com.au	international-adviser.com	morningstar.com
LinkedIn				morningstar
Founders

Metric
Market Cap				12.66B
Enterprise Value
Monthly Web Traffic				10.42M
Web Traffic Growth				0.05
Valuation
Raised Capital				91M

Metric
Revenue				2.07B
Revenue (LTM)
Revenue (NTM)
Gross Profit				1.04B
EBITDA				465.50M
Operating Income				280.60M
Net Income				141.10M
EPS				3.31
Diluted EPS				3.29
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin				0.56
Operating Profit Margin				0.17
EBITDA Margin				0.23
Net Profit Margin				0.11
Return on Equity				0.18
Return on Assets				0.07
Return on Capital Employed				0.15

COM:ADVISERLOGIC

AdviserLogic

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio				163.36
P/B Ratio				9.48
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio				6.86
EV Multiple				29.05

Metric
Days Sales Outstanding				56.70
Days Payables Outstanding				109.84
Days Inventory Outstanding				0.00
Operating Cycle				61.57
Cash Conversion Cycle				29.42
Asset Turnover				0.64

Metric
Operating Cash Flow				316.40M
Free Cash Flow				197.30M
Cash Flow to Debt				0.55
Operating Cash Flow/Sales				0.24
Free Cash Flow Yield				0.01

Metric
Cash & Equivalents				337.90M
Accounts Receivable				-38.20M
Inventory
Goodwill				1.58B
Debt to Capitalization				0.43
Debt to Assets				0.37
Current Ratio				0.94
Quick Ratio				1.05

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue				0.03
R&D to Revenue
SG&A to Revenue				0.19